Key insights
- The post discusses potential drivers behind American Express's stock selloff, dismissing AI and crypto fears as primary causes. It raises concerns about the impact of shrinking white-collar jobs on the economy and compares the current situation to the 2008 financial crisis. The author also notes AXP's relatively low exposure to private equity. Overall, the post expresses uncertainty and seeks insights from long-term AXP holders, but offers limited actionable market signals.
I am wondering what is the main driver of American Express stock selloff.
- Besides the AI fear - there is only one article floating out there with substance about using… crypto. Anyone who reads it knows it is a fear mongering piece. 2. Shrinking of white collar jobs. This is a possibility but the society will be destroyed if white collar job circle shrinks. All the multi billion dollar suburbs that were built on white collar jobs.
Last but not least - would like hear about those who have been holding Amex through the rough times economic downturn in 2008/2009/2010? How does it feel like?
I have also researched the private equity exposure and American Express has the least/minimal exposure compared to the rest of financial institutions.